Economy and markets

According to bestselling author, Michael Lewis, “the stock market is rigged.” Lewis’ claims likely helped sales of his new book, Flash Boys, but shouldn’t cause long-term investors much despair.

Real estate prices can move sharply in both directions, providing an opportunity for savvy investors. Capitalizing on those opportunities, however, is difficult. For most, a house should be […]

In early February, investors withdrew record amounts from U.S. stock mutual funds, as fears spread over declining global growth, stubborn unemployment, and political and economic troubles in emerging markets. […]

In the 1960’s, Professor Eugene Fama of the University of Chicago coined the term “efficient market” to describe a world in which no investor can consistently beat the market without […]

Concerns over slowing economic growth abroad have some investors re-considering their allocation to emerging market stocks. These warnings strike us as mildly amusing, as it was just a few […]

Including the current government closure, there have been 18 shutdowns since 1976. The debt ceiling has been raised virtually every year back to 1939, and in some instances multiple […]

 In our view, the primary role of bonds is to provide safety and capital preservation when they are needed most—during the inevitable periods of stock market distress.  Despite legitimate and […]

Q:  Can you explain how TIPS work and, given widely-reported negative yields, should we be worried about their future performance?

Q: How do exchange rates impact international stock returns?

Our thoughts on Congress’s well-publicized standoff and the U.S.’s imminent collision with the debt ceiling.

Conventional wisdom suggests investors should favor high-growth economies like China and India in their investment portfolios. But is GDP growth really a precursor to stock market returns?